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click here and email us if you are an LFP I SICAV investor..
LFP I SICAV sub-funds Aventor, Blackstar Commodities, Columna Commodities, Equity Power Fund,
all identified as Ponzi schemes, all suffered major losses (totalling over € 100 million) in strikingly similar ways!!
Multiple frauds, multiple service provider failings, multiple audit mis-statements, multiple regulator failings..
CSSF Sanctions against David Mapley - the real story..
We have issues with how this umbrella fund was directed/managed/advised/administered/audited/regulated.
As newly appointed directors of LFP I, we are targetting the management and service providers as well
as those who embezzled the investor funds :-
- The Luxembourg Regulator ("CSSF") - despite observing major breaches of diversification and non-compliance
with investment guidelines in 2015 onwards, failed to act - then obstructed the new directors in their fraud investigations and failed to follow up fraud reports
and criminal complaints.
Sued for € 99.2 million damages for gross negligence.
- Luxembourg Fund Partners ("LFP") - oversaw due diligence, compliance and managed the fund, with 4 alleged Ponzi scheme sub-funds.
2 former owners/directors Leleux and Renaux were also directors of LFPI SICAV.
- Alterdomus, new owner of LFP - real estate specialist who never inspected EPF properties or checked ownership... Refusal to hand over investment records to new Board of Director re EPF Ponzi scheme..
- YAS - Columna Advisor, connected to BStar, the biggest creditor/black hole of Columna
- Urban Capital Group - property developer to Equity Power Fund, 50% losses due to stolen properties and embezzlement. Dewaegenaere jailed June 2020 for financial fraud.
- Blackstar Capital Partners - commodity finance advisor, earned undeclared commissions on most investments in Blackstar Commodities Fund, despite calamitious losses.
Owner Mark Stephens was also director of LFPI SICAV.
- JJ JJ Noomen / Equity Experts - promoter to Equity Power Fund, with access to bank statements so placed shares for 5% commission whilst the investment funds only flowed out to Dewaegenare and Caes.
- Apex Malta - administrator, and undeclared shareholder with directors in LFP, the Manager ??
- PWC - auditors in Luxembourg & Hong Kong, ignored the liquidity and asset parameters of the fund!! Failed to spot 4 Ponzi schemes.. Auditor to LFP, knew the conflict with Apex as a shareholder with directors and in same building..
- ABN Amro/BGL BNP Paribas - Custodian & Depository, remitted Columna investment monies to unauthorised counterparties, resulting in major losses.
- KBL/Quintet - Custodian & Depository, remitted € 8 million for EPF properties it never took title to...
- SocGen - Custodian & Depository, failed to protect the financial assets of the fund!! Sent US$ 9 million from Columna to the wrong accounts in wrong countries with insider help!! Direct refusal
to provide the investigating directors with the bank statements during its period as custodian to the fund.
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